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Managerial Economics and Strategy, 2/e
book

Managerial Economics and Strategy, 2/e

by Jeffrey M. Perloff, James A. Brander
February 2016
Beginner to intermediate content levelBeginner to intermediate
500 pages
33h 40m
English
Pearson
Content preview from Managerial Economics and Strategy, 2/e

Questions

All exercises are available on MyEconLab; =answer at the [&\*|=|answer at the&] back of this book.

1. Reasons for International Trade

  1. *1.1 Suppose that auto workers in South Korea can produce components used to make cars at the rate of six sets of components per worker per day and can assemble cars at the rate of four cars per worker per day. In North Korea auto workers can produce components at the rate of one set of components per day and can assemble cars at the rate of three cars per worker per day. What is the opportunity cost of car assembly in terms of component production in each country? If one economy exports components and the other exports assembled cars, which economy will export cars according to the theory of ...

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Publisher Resources

ISBN: 9780134472553